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What affect does a charged off second mortgage have on your income taxes?

Posted on: 13th Aug, 2010 10:53 am
I recently received a letter stating that my 2nd mortgage was charged off. Do I have to consider this as income or do I qualify for mortgage debt relief? I am confused by the whole thing.
Hi jccolly,

Your query has been replied to in the given page (Check my last post in this forum thread):
http://www.mortgagefit.com/deficiency/form1099a-4.html#177087

Take a look at it. I hope it'll help you.

Thanks
Posted on: 14th Aug, 2010 01:08 am
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